GW Pharmaceuticals PLC (GWPH) Receives Average Rating of “Buy” from Analysts
Shares of GW Pharmaceuticals PLC (NASDAQ:GWPH) have earned a consensus recommendation of “Buy” from the twelve research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $146.06.
A number of brokerages have recently weighed in on GWPH. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $124.00 price objective on shares of GW Pharmaceuticals PLC in a research report on Friday, October 6th. Zacks Investment Research lowered GW Pharmaceuticals PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. ValuEngine upgraded GW Pharmaceuticals PLC from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Evercore ISI began coverage on GW Pharmaceuticals PLC in a research report on Wednesday, August 16th. They set an “outperform” rating and a $154.00 price objective for the company. Finally, Cantor Fitzgerald set a $208.00 price objective on GW Pharmaceuticals PLC and gave the company a “buy” rating in a research report on Tuesday, August 8th.
Several large investors have recently made changes to their positions in the stock. Janus Henderson Group PLC bought a new position in shares of GW Pharmaceuticals PLC in the 2nd quarter valued at about $70,128,000. Capital World Investors lifted its holdings in shares of GW Pharmaceuticals PLC by 6.3% in the 2nd quarter. Capital World Investors now owns 675,800 shares of the biopharmaceutical company’s stock valued at $67,749,000 after acquiring an additional 40,000 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of GW Pharmaceuticals PLC by 0.4% in the 3rd quarter. Jennison Associates LLC now owns 492,480 shares of the biopharmaceutical company’s stock valued at $49,982,000 after acquiring an additional 1,759 shares during the last quarter. Redmile Group LLC lifted its holdings in shares of GW Pharmaceuticals PLC by 33.8% in the 2nd quarter. Redmile Group LLC now owns 444,936 shares of the biopharmaceutical company’s stock valued at $44,605,000 after acquiring an additional 112,392 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its holdings in shares of GW Pharmaceuticals PLC by 102.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 355,263 shares of the biopharmaceutical company’s stock valued at $36,056,000 after acquiring an additional 179,911 shares during the last quarter. 75.03% of the stock is owned by hedge funds and other institutional investors.
Shares of GW Pharmaceuticals PLC (NASDAQ:GWPH) opened at $113.12 on Monday. GW Pharmaceuticals PLC has a 12 month low of $92.65 and a 12 month high of $136.95. The company has a quick ratio of 10.26, a current ratio of 10.39 and a debt-to-equity ratio of 0.02.
GW Pharmaceuticals PLC (NASDAQ:GWPH) last issued its quarterly earnings results on Monday, August 7th. The biopharmaceutical company reported ($2.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.73) by ($0.34). GW Pharmaceuticals PLC had a negative return on equity of 28.80% and a negative net margin of 1,384.41%. The business had revenue of $3.14 million during the quarter, compared to analysts’ expectations of $2.10 million. During the same quarter in the previous year, the company posted ($0.05) EPS. sell-side analysts predict that GW Pharmaceuticals PLC will post -5.99 EPS for the current fiscal year.
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GW Pharmaceuticals PLC Company Profile
GW Pharmaceuticals plc is a biopharmaceutical company focused on developing and commercializing therapeutics from its cannabinoid product platform in a range of disease areas. The Company’s lead cannabinoid product candidate is Epidiolex, which is a liquid formulation of pure plant-derived cannabidiol (CBD).
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